Quote from: European Central Bank on April 27, 2018, 04:22:46 PM

Quote from: Grayy on April 27, 2018, 03:59:09 PM

Closing down all up and coming ICOs is no the best solution. There are very good projects emerging despite the tonnes of scam projects in the crypto world. I believe strict regulations of ICOs and strict KYC processes( applied to project managers) can help nip the scam projects in the bud.

the most likely outcome may well be ICOs being fully regulated which would be enough to scare off the scammers and crappy projects. in theory an ICO is a valid route, but the way it's done now is so rancid that it won't be permitted to continue.

i expect we'll see fully approved ICOs made available to major investors and the shit will continue to stink away in the shadows, but the days of mass publicity attracting hundreds of millions from random morons are coming to an end.

I agree the day is coming when ICOs will have to be regulated. Something like international digital currency investment organization. (IDCIO) The ICO will have a registered number that people will be able to check on the governing website which will give details of the project.

That would bring confidence back into ICOs. At the moment myself I see buying into the project after it hits the market a better option. Even good projects seem to be hitting the markets down at least 50% of ICO price for the 1st few days.